Potato Chips Market, Revenue, Opportunity, Business Segment Overview and Key Trends 2027
Key
Players
Market Research
Future has recognized the following companies as the key players in the global Potato
Chips Market:PepsiCo, Inc. (US), Kellogg Company (US), Burts Potato Chips Ltd
(UK), Calbee Inc. (Japan), Utz Quality Foods, Inc. (US), Great Lakes Potato
Chip Co. (US), The Lorenz Bahlsen Snack-World GmbH & Co KG (Germany), Herr
Foods Inc. (US), The Campbell Soup Company (US), and Intersnack Group GmbH
& Co. KG. (Germany).
Market Segmentation:
The global Potato Chips Market has been segmented based
on type, category, distribution channel, and region.
By type, the market has been divided into flavored
and plain. The flavored segment accounted for alarger market share in 2020,
where as the plain segment is expected to record a higher CAGR of 4.70% during
the forecast period. Flavored potato chips & crisps are products with
additional flavors that have been added to enhance the taste. The flavor is one
of the essential attributes of a product that has a stronginfluence on consumer
buying behavior as it helps enhance the eating experience of the consumers.
Based on category, the global market has been
classified as conventional and organic. The conventional segment accounted for
a larger market share in 2020. Conventional potato chips & crisps are
produced from potato grown using conventional farming practices. Conventional
growing of potato is opposite to organic growing, which means it is not free
from synthetic chemicals such as pesticides, fertilizers, hormones, and
antibiotics. Organically grown produce has lower detectable levels of pesticide
residue as compared to conventionally grown produce. Conventional foods can
also be genetically modified or may contain genetically modified organisms.
Thus, conventional chips & crisps are not in their purest form. However,
conventional products are lower in price as compared to organic products.
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Regional Analysis
In terms of region, the global market has been
categorized as North America, Europe, Asia-Pacific, and the Rest of the World.
As per MRFR analysis, North America constituted a dominant share of the Potato
Chips Market in 2020. An increase in demand for ready-to-eat snacks and
convenient foods due to the hectic lifestyle of the people in the region is
expected to boost the growth of the North America Potato Chips Market during
the forecast period. Moreover, several manufacturers in the region are focusing
on launching innovative flavors that offer a wide variety of flavors, tastes,
and textures of chips to consumers, further boosting the growth of the North
America Potato Chips Market during the forecast period.In North America, the US
is the major contributor to the growth of the Potato Chips Market.The Asia-Pacific
Potato Chips Market is projected to register the highest CAGR of 4.53% during
the forecast period.
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are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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